Telecommunication sector of the Russian economy: transformation into a global information and telecommunication infrastructure

The author concerns the current state and possible ways of telecommunication sector of the Russian economy development in the conditions of world economy globalization and suggests that the process of globalization reflects the current stage of telecommunication companies' capital internationalization. The analysis of telecommunication sector shows that it is not only a perspective, highmargin and dynamically developing sector but is still one of the most integrated into the system of world economic relations. The stages of Russian telecommunication companies' capital internationalization are determined, the internal connections between internationalization process and globalization are revealed. It is revealed that the new information and communication technologies development and expansion results in substantial increase in cooperation between economical entities and provides a sustainable long-term economical growth of telecommunication enterprises. The financial and operational data determining the effectiveness of telecommunication companies' activity are presented. The analysis of tendencies promoting the extension of the market activity of Russian telecommunication companies at global information and telecommunication infrastructure shows that the main tendencies are the following ones: foreign capital inflow increase, capital integration and expansion of new services based on technologies convergence. The author reasonably concludes in recent times, the telecommunication sector of the Russian economy formation and development is determined by the existing global trends.